Re: Oil Spicket Going Dry

From: John Larkin (jjlarkin_at_highlandSNIPtechTHISnologyPLEASE.com)
Date: 09/30/04 

Date: Wed, 29 Sep 2004 20:20:28 -0700

On 29 Sep 2004 15:49:05 GMT, Ian Stirling <root@mauve.demon.co.uk>
wrote:

>In misc.survivalism John Larkin <jjlarkin@highlandsniptechthisnologyplease.com> wrote:
>> On 28 Sep 2004 16:26:12 -0700, knews4u2chew@yahoo.com (If I told U I'd
>> have 2 kill U) wrote:
>>
>>>http://www.rense.com/general57/global.htm
>>>
>>>The Opec oil cartel, which controls more than half of global crude
>>>exports, is producing around 30m barrels a day - production levels not
>>>seen since the late 70s. Purnomo Yusgiantoro, the Opec president, said
>>>the group was powerless to bring prices down.
>>>
>>>Opec raised production quotas with effect from November 1, but the
>>>move had little impact because it is already pumping well over
>>>official limits. While the group says it has 1.5m barrels a day of
>>>spare production capacity, the extra crude is not of the quality best
>>>suited to transport fuels.
>>>
>>>"At the moment there's nothing we can do - Opec has spare capacity.
>>>However, whatever we do, there is no sensitivity in the market," Mr
>>>Purnomo, who is also Indonesia's oil minister, told Reuters.
>>
>>
>> Better sell that big ugly SUV while it's still worth something. You
>> might still get enough to pay down, say, a third of the 72-month loan.
>
>Sales of SUVs in china are booming.

All the more reason to hurry.

John